Selected accounts for Roth Salon are presented below. All June 30 postings are from closing entries.

Instructions

(a) Prepare the closing entries that were made.

(b) Post the closing entries to Income Summary.

Transcribed Image Text:

Salaries Expense Service Revenue 6/10 3.200 6/30 8,800 6/30 16.100 6/15 7,700 6/28 5,600 6/24 8,400 Dividends 6/15 2,500 6/30 2.500 Supplies Expense Rent Expense Retained Earnings 6/12 600 6/30 1.300 6/1 3,000 6/30 3,000 6/24 700 6/30 2,500 6/30 3,000 Bal. 500